Commonwealth

Indias Corruption Games 2010 Geopolitical notes from India M D Nalapat The solely two countries in the world that each have a billion-plus population argon India and China, and there is coddleion in both. However, the contravention is that even dishonest officials in China seek ways of implementing approved policies, in the process, earning some money on the side. However, in India, so far as the huge army of corrupt politicians and officials is concerned, the entire objective of decision-making is to earn money. In the process, if some all-encompassing gets done, that is entirely accidental. So, whereas in China the making of money is a by-product, with the focus being on ensuring results, in the case of India, results are the (rare) by-product. The sole objective behind each decision is to slay money, as much of it as is possible. During the first five eld of the present Sonia Gandhi-led United Progressive Front government in New Delhi, then totality Finance Minister Palaniappan Chidambaram (now Union Home Minister) greatly increased the powers of the tax collection and restrictive agencies, so that these days, they are as operationally unaccountable to the populace as was the case during the years when India was ruled by the east India Comp all.

The stock market regulator - the Securities and Exchange Board of India, or SEBI - passes a slew of orders that every bar some companies from doing any business or help other entities in theirs. On record, there seems to be very little justification for either step, so clearly the actual reasons are such as to be invisible to the naked eye. The Reserve Bank of India (RBI) curries goodwill in financial markets in the European Union (the still location that the RBIs colonial-era higher-level team respond to) by repeatedly raising interest rates and accelerating the very rising prices that they profess to reduce. The RBI top brass is fully advised that in an economy such as India, with myriad egress distortions, raising the interest rate... If you want to get a full essay, order it on our website: Orderessay

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